MADINATUL ULOOM MUHAMMADPUR FOUNDATION Charity Registration Number: 1203672 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 REPORTING ACCOUNTANTS.. AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL 020 1790 6111 Page 1 of 12 MADINATUL ULOOM MUHAMMADPUR FOUNDATION FOR THE YEAR ENDED 31 MAY 2024 CONTENTS Pages Information ol financial Slaternents Report of the Execulive Cornmille8 Statement ol responsibilitie5 01 the Committee.. Independent Examiners Report Income and EKpendilure Accounts Statement ol Assets and Liabilities 10 NotQs lo the Accounls 11-12. Page 2 of 12 MADINATUL ULOOM MUHAMMADPUR FOUNDATION FOR THE YEAR ENDED 31 MAY 2024 AODRESS 54 eerkeley House 14 Wellington Vvay London E3 4NG BANKER Zempler 8ank INDEPENOENT EXAM1NER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL 020 7790 6111 Charity's Trustees.. Syed Showkat Ali Liakol Ali Fokrul Ali Page3 of 12 MADINATUL ULOOM MUHAMMADPUR FOUNDATION REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MAY 2024 The trustees present their report and financial slalements for the year ended 31 May 2024. -riic -I'rustees liave adopled IliL provisii)Il_% ol tlie Sialtiiitiiil ol RL¢oiiimeiided Pi'&iclice (SOIIP) AccoLintiii(t aiid Repoi-tini7 111(1 finanLiLiI 51ateinenls ol- Il)e Ch (United Kingdom Generally Accepted Accounting Practscel The law applicable to charities in England and Wale5 requires the Trustees to pfopare Financi35 Statements for each finan&al year which give a true an¢ lair view ol the stale ol allairs of Ihe charity and of Ihe incoming resourc8s and application of resources of the charity for that period. In prepanng these Financial Statement5, the Trustee5 are required to". Select suilatile accounting pdicies and then apply them consistently", Obserde the meihods and principles in the Charities SORP". Make judgement5 and accounting eslifflale5 that ale reasonable and prudent.. Prepare the Financial Statements on the goin9 concem basis unless it is Inappropriate lo piesume that the chariiy will continue In operation Page4 of12 MADINATUL ULOOM MUHAMMADPUR FOUNDATION REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENOED 31 MAY 2024 The Trustees are responsiblè for keeping proper accounting records thai di>closè with reasonable accura at any time the financial position ol the charity and enable them to ensure Ih21 the Financial Statements comply with the Charities Act 2011. The Charity (Accounts and Reports) Regulations 2008 and the provisioni of the trust deed. They are also responsible for >aleguarding the assets ol the charity and hence for taking reasonable steps lor the Pfevenlion and deleciion ol fraud and other iriegularilies VOLUNTEERS.. The Truslees wish lo record their appreciation on beh811 ol the Charity _4nd community for the voliinlpers who. assist in the stnoolh running of the Charity and are critical in helping lo keepi the running costs doivn RISK REVIEW. The Trustees have conducted their own review of the major risks to which Ihe Ghaiity is exposed and steps have been Initialad lo minimise the Idenlilied n5ks. Al lunctions of the Chaiity are subjected lo periodic review resulting in a process ol ongoing improvemènt All slaff and volunl&ers are trained and have all the required statutory and regulatory dearances reqLJired. SERIOUS INCIDENTS AND EXCEPTIONS-. The Trustees ale pleased to note, Ihal there ￿l￿re no incidents which gave nse io the need lor the Trustees to lodga a Seriou> Incident Report with the Charity Commission Furth=rfflorE. there were no Exceptions reGorde¢ and whir.h gave rise to the need lor the Trustees lo record on the Charity's Exceptions, Register. RELATEO PARTY TRANSACTIONS.. During Ihè year ihe Charilywas under Ihe control ol Trustees and Managèfflelll Committee members as listed abov- This report, which has b8en prepared in accordance wlh the special provisions of Part 15 ol the Companies Act 2006 applicable lo stnall companies No men)btrs of Ih- managemenl committee received any remiineralion during the year No truste￿ or other person ielzled lo the ch3rity had any personal interest In any coniiacl or transaction entered inlo by the chafily during the year. Reserve Policy 11 is Ihe policy of the charity Ihal unresiricted funds. which have not bean Llesignated for a gpècific use. should be tHa1nlained at a level equivalent lo ils expenditu￿ The Tiuslees consider thai reserves at this level Mll ensure that. In the evenl ol a significant drop In Funding They will be able lo continue the charily's Current activities while cons1deration is given lo ways In which ad(Jilional funds May be raised The Centre will actively work lo achieve this level of reserves. INDEPENDENT EXAMINER Ac¢ording to the provisions ol the Charities Act 2008 and updated 2011. the Cotnmittee has agreed that and audit Is nol reouired for this financial year. However (Sue to PlOV1510ns of the same act an independent examiner is required and AM Accountancy Services appointed as external Accountant or Independent Exafflifiei. Page $0112 -rr&l IIS&lLtioii and fiii4lllLial i)o.silion The Slatemelll of Finallcial Actlvilies shows nel deficit lor the year of £106 and our accumulaled unds Stand at- £106 in lo131. AM Accountancy serV￿ces trArri6d out an independent examination ol ihe account5 Included in the report. Thi5 report, which has been prepared in accordance with the Slalemenl of Recommended Practs"ce ISORPI A¢counling and Reporting by Charities Issued in ?005. Approved by the trustees and Signed gn its behalf by This report was approved by the Executive Commit12e on and 51gned on their behalf. Syed Showkat Ali (Trusleel Oale.. Page6of 12 Accountants, Report To the "friistees of MADINATUL ULOOM MUHAMMADPUR FOUNDATION FOR THE YEAR ENDED 31 MAY 2024 We report the accounts lor the year ended 31 May 2024 set out on pages 8 10 12 which have been prepared under the historical cost convellb.on and the accounting policies sel out In note 1 to the financial statements. Respcclive ResponsibilitiLS ol Trustees xn(l Accountants As described on pagyL i IliL Iruslees ale re5ponsibli lur tlie prepar]iion ol. Ilic Isiiancial 10 carry OLII proeedLII'LS clesiuned to ei)able us 11) rLpoit our opiiiioii to yo)11. Basis of Opinioi) We conducted our work In accordance wlh the Stainmanl ol Slandaids for Reporring Accountants, and so our procedures con5iSted ol comparing the accounts with the accounting records kepl by the charity, and making such lifiLiled eiiquiries of the Iruslees and offiTrr5 a5 we considered necessary for the purpose ol Ihis re-l I These procedures prtswide only the assuranTr expressed in our ￿PInion. OpinÉon In our opinion.. lal The accounts are In agreement with the accounting records kept by the charity under the requirernenls of the Slalement ol Recommended Practice- Accounting and Reporting by Charities, Ibl Having regard only lo. and on the basis of. the inlormalion containèd In Ihose accounts.. 111 Tlie accounts have been drawn up in a manner consisieni wlh the accounting requireTnenls specified the Statement ol Recommended Practice- A¢counling and Reporting by Charities. and 121 The charity satisfied the conditions for Ihe exerrplion from an audit of the accounts lor the year specified in the Charilies Act. 131 Thi5 unaudited Account we have prepared in accordan￿ wth the Iigure, information and explanation w& have received from the management of Ihe current committee AM AcC.OIINT.I￿cy g1-. III'ICCS AM ACCOUNTANCY ERVICES 43 BEN JONSON ROAD LONDON E14SA LONDON I."14%t I'LL.. 77C)O (I I I fAX." O?0 779U SOJJ Date I Page70112 MADINATUL ULOOM MUHAMMADPUR FOUNDATION Statement of Financial Activities Ilncome & Expense Statementl FOR THE YEAR ENDED 31 MAY 2024 2024 Tolal Noles Unrestricted Restricted Incoming Resources Voluntary in¢orne- HMRC Gift Aid All Other General Donations 4.124 4,124 Total Incomi Resources 4,124 4,124 Resources Expended Direct Charitable Expenditure Oversèas projects Printing, Pos13gE. St31ionery & Advertisement Telephone. lax and photocopies Rent. Rates and Se￿1￿ charges IT I Website Books and Malerials Rplreshmènls r'i?aning and Volunteer expenses Events and èclivities (Project Costs) 3,712 3.712 Oirecl charitable expendlture 3,712 ,712 Mana9ement & Administration Expenses.. Accounlan Travp5 and protnots.on Bank charges Insurance Equipment expense5 Motor expenses Depreciation Sundry Repairs ement & Administration Ex 500 500 18 18 Mana en$es'. 518 518 Total Resources Ex ended 4,230 4,230 Net Incoming Resource5 1 Ire50ur¢es expended) -106 -106 Net Movement lund5 for the period= -106 -106 Total Funds 8rought forward Balance at 31 Ma 2024 -106 -106 Page8of12 MADINATUL ULOOM MUHAMMADPUR FOUNDATION Summary Income and Expenditure Account FOR THE YEAR ENDED 31 MAY 2024 2024 Noles Income Toial expenditure Net Surplus IDeli¢itl for the Iinan¢i31 year 4.124 4.230 -106 There were no reCognis￿)d ga'.ns othar than those included in the IncDme and Expenditure Account lor current year. Page90112 MADINATUL ULOOM MUHAMMADPUR FOUNDATION Statement of Assets & Liabilities l Balance Sheet) As at 31 May 2024 2024 NOTE Current Assets Cash al 8ank & In Hand 394 394 Current Liabilities Amount f811ing due 10 one year Accruals 500 NET CURRENT ASSETS I ILIABILITIESI 106 TOTAL ASSETS LESS CURRENT LIABILITIES 106 FUNDS." Brought Forward ExceosllC)elicill ol incoffl- over expendilure Total Funds 106 rhe IinanciBI ilalements were approv#d by the Executive Committee and signad on their behalf." Syed Showkal Ali ITrusleel Date. 1210 £12 5 The Notes on pages 10 10 12 fofm part ol the financial statements. Page 10of12 MADINATUL ULOOM MUHAMMADPUR FOUNDATION FOR THE YEAR ENDED 31 MAY 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES Basis of Accountin Basis Df accountin9 rhe Financsal Siatemenls have been prepared under thè hisiwi¢al cost convenDon. as tnodified by the revaluation ol certain lixed assets and inveslrnenls rneasurect al markèt value. The Financial Stalemenis have been prepared in accordance wlh tl)e Finanual Reporting Standard for Srn(Jller Entities lelleclive January 20151. and the requirements ol Accounting and Reporting by Charities". Statement ol Recommended Practice applicable to charities preparing their ac¢ou?Is In accordance with the Financial Reporting Standard lor Smaller Enlilies lelletlive January 20151 ISORP 20151. b. Grants Revenue grants are crediied lo the lllcoffle and Expenditure account on a receivable basis ¢. Donation5 Donalion are recordèd on a ieceipl basis. d. Incomlng R&source5 Voluntary Incom￿ and donations are InCl￿ded in Incoming resource5 when they ar= receivable. e%￿pt whén the donors specify thai they must be Il*P.d In lulur?. accounting periods or donors, conditions have nol been fulfilled. then the incoffiL IS d=lefred. The income from fundraising venture5 15 shown gross, with the associated cost5 included in Iuii fliai*ing cos15 e. Resources Expended Rèsour¢e.' expended are InC￿ude￿ in the Statement ol Financial Activib'es on accni)Is basis, Inclusive of any VAf that cannot be recovered Expendituie Ihal is direclly altribulable lo specific activities has been illcluded in these cosi categories. Where costs are atlribulable lo more Ihan one activity, they have been apportioned apross the cost categories on a basis consislenl with the use of Ihose re>ources. l. Going Conc&rn Basis The financial 5talemenls have been prepared on the going concern basis, as in the opinion ol the trustees. there are no Issues arising which would suggest any othef basis as being more appropriate. g. Adminlslratlon Costs Administration expenditure includes all expendiluie not direcvy relaled to tre charitable activity h. Taxation As a charity. they are exempl from tax on incorne and gains lalling within section 505 of the Taxes Act 1988 or s256 01 the TaxaiiDn of Chargeable Gains Acl 1992 to the extrent that Ihesa are applied to ils charilable objects No lax charges have arisen in the Charity DeprÈ¢iation= Deprecialion is calculated so as to write off the cost of an asset, lesg 115 pslimaled iesidual value. ovei the useful èconomic life of that assel as lollows. Fixture. Filling and Equipment". 15 % on Reducing Balance methocs Page 11 of 12 MADINATUL ULOOM MUHAMMADPUR FOUNDATION FOR THE YEAR ENDED 31 MAY 2024 N07ES TO THE ACCOUNTS Net Surplus of the Financial Year The excess of expendilure over income is stsled after charging.. 2024 Accounlant5' remuneration OepreLiation 500 Creditors and Acruals Accountancy 500 500 Fundslcapital 2024 Exce5sI (Deficill of Income over Expendilurp .106 Balance al 31 May 2024 -106 Page 120112